Short Interest in Bridges Capital Tactical ETF (NASDAQ:BDGS) Rises By 711.3%

Bridges Capital Tactical ETF (NASDAQ:BDGS) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 5,809 shares, a growth of 711.3% from the May 14th total of 716 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 7,815 shares, the days-to-cover ratio is currently 0.7 days.

Bridges Capital Tactical ETF Trading Down 0.2%

Shares of NASDAQ:BDGS traded down $0.08 during mid-day trading on Thursday, reaching $36.07. The stock had a trading volume of 867 shares, compared to its average volume of 5,484. The firm has a market cap of $42.20 million, a PE ratio of 31.16 and a beta of 0.43. The firm has a 50 day simple moving average of $36.04 and a two-hundred day simple moving average of $35.14. Bridges Capital Tactical ETF has a twelve month low of $32.32 and a twelve month high of $36.96.

About Bridges Capital Tactical ETF

The Bridges Capital Tactical ETF (BDGS) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds that allocates between passively managed US total market ETFs, large-cap US stocks, and cash or cash equivalents through a tactical strategy based on macroeconomic events, changing market breadth, and volatility. BDGS was launched on May 11, 2023 and is managed by Bridges.